Tax
The Federal Home Equity Capital Gains Tax
As federal and provincial government deficits skyrocket due to COVID-19 support payouts such as the CERB, governments at all levels will be searching for new revenue sources in the not-so-distant future to try and balance budgets. One way to accomplish...
Filing Clearance Certificates with CRA by Email
Clearance certificates confirm that the estate of the deceased, or a corporation, has paid all the tax, penalties, and interest it owed at the time the certificate was issued. The certificate allows the representative to then allocate assets without being...
Ontario First-Time Home Buyer Series Part 2: Home Buyers’ Plan
We at Merovitz Potechin understand that buying your first home is a major personal and financial milestone that requires careful consideration of all available options to facilitate the purchase process. To better understand what to expect along the way, this...
How to Deal with Carbon Pricing
The federal carbon pricing regime will soon apply in more provinces across the country than it does not. Surely not a scenario envisioned or desired by the federal government but nonetheless the regime is alive in Ontario and will start...
New Build Condo Closing Costs: Don’t Forget The Taxes
One way to help facilitate a smooth closing after you have purchased a condo is to budget for the closing costs. Every closing as specific expenses that relate to the purchase of the property, including applicable taxes and legal fees.Last...
